Bank Failure
The Buckhead Community Bank
BankRegReports is independent of The Buckhead Community Bank and never asks for online banking logins or passwords.
Closed December 4, 2009 · Atlanta, GA · FDIC Cert #34663.
- Closing date
- December 4, 2009
- Headquarters
- Atlanta, GA
- FDIC Certificate
- 34663
- Total assets at closing
- $856.2M
- Total deposits at closing
- $813.7M
- Estimated loss to the insurance fund
- $310.6M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- State Bank and Trust Company
Context
On December 4, 2009, regulators closed The Buckhead Community Bank, headquartered in Atlanta, GA. At closing, the institution held approximately $856.2M in assets and $813.7M in deposits. The FDIC record names State Bank and Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $310.6M.
By assets at closing this is the 247th largest of the 3,526 bank failures in the FDIC record, and the 33rd of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did The Buckhead Community Bank fail?
The Buckhead Community Bank was closed by regulators on December 4, 2009.
Who acquired The Buckhead Community Bank?
The FDIC record names State Bank and Trust Company as the acquiring institution in the resolution of The Buckhead Community Bank.
How big was The Buckhead Community Bank when it failed?
The Buckhead Community Bank had approximately $856.2M in total assets and $813.7M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
Explore: all failures · GA bank events · 2009 events · events hub